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HANZA selected as manufacturer partner by Konekesko for their Yamarin Cross boats

Publish date: 2014-06-24

HANZA Holding AB (publ) (“HANZA”), listed on Nasdaq OMX First North, has been chosen by Konekesko Oy, a Finnish leading manufacturer of premium boats, to supply all aluminum parts for the successful Yamarin Cross line of boats.

HANZA, offering smart manufacturing solutions, has through its subsidiary HANZA Finland OY entered a two-year manufacturing and supply agreement with Konekesko where HANZA will manufacture and supply aluminum parts in its Kokkola facility. The supply value (turnover) of the agreement is estimated to be equivalent to approximately EUR 2.5 million (approx. SEK 23 million).

“The demand for our Yamarin Cross line of aluminum boats is increasing rapidly, with strong market growth throughout Europe,” says Kari Rautanen, director Recreational Machinery at Konekesko. “We needed a solid partner that is able to support this growth with highly reliable deliveries and top quality. In HANZA we found that industrial manufacturing partner”.

“Konekesko is a highly successful company, and we are proud to be able to be part of their Yamarin Cross product line,” says Thomas Lindström VP, Marketing and Sales Manager at HANZA. “The agreement with Konekesko enables HANZA to further strengthen its position as leading industrial manufacturing partner in the Nordic region. It is also a receipt for the investment in the brand new factory for thick-metal in Kokkola, which will contribute to our continued growth”.

The information in this press release is such that HANZA must disclose it in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 07.55 am (CET), June 24, 2014. Avanza Bank AB is the company's certified adviser.

Important information

This press release may contain certain forward-looking statements that reflect HANZA’s current views of future events and financial and operational performance. Words such as "intends", "anticipates", "expects", "may", "plan ", "anticipate" or similar expressions regarding indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees regarding future results or developments and actual results may differ materially from those set forth in forward-looking information.

HANZA is a fast growing industrial business partner within manufacturing. The company lowers customer costs by supplying complete manufacturing solutions in mechanics, electronics, cables and final assembly. HANZA was founded in 2008 and has grown into a SEK billion company. The Company currently operates in Sweden, Finland, Estonia, Poland, Slovakia and China. Among HANZA's clients there are leading industrial companies such as Atlas Copco, Ericsson, ABB and Saab Defense. www.hanza.com.

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HANZA is a fast growing industrial business partner within manufacturing. The company offers a unique combination of advisory services and tailormade manufacturing solutions that increases growth and profitability for its customers. HANZA was founded in 2008 and has grown into a billion SEK company. The Company currently operates in Sweden, Finland, Estonia, Poland, Czech Republic and China. Among HANZA’s clients there are leading industrial companies such as Kone, Konecranes, Atlas Copco, ABB and Saab Defense.